The government’s aim is to reduce the volume and frequency of changes to the tax code and provide greater predictability and transparency in plans for tax reform.

As part of this new approach, it will provide advance notice for key events in tax policy development. The chancellor has already announced that the Budget will be held on 23 March 2011 and the government has also confirmed that the Finance Bill 2011 will be published on 31 March 2011.

Following the June Budget proposals, the government has now set out the following five ‘concrete’ improvements: